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game7alcs

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game7alcs

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Friday, 11/06/2015 12:51:12 PM

Friday, November 06, 2015 12:51:12 PM

Post# of 15819
OPKO Health Refinances Bio-Reference Laboratories Credit Facility
OPKO Health, Inc.
1 hour ago
MIAMI--(BUSINESS WIRE)--

OPKO Health, Inc. (OPK) today announced today that it has successfully closed on a new five-year $175.0 million secured revolving credit facility with JPMorgan Chase. The new facility replaced Bio-Reference Laboratories’ previous $120.0 million secured revolving credit facility.

"We are excited to enter into a partnership with one of the world's premier banking institutions, JPMorgan Chase," commented Phillip Frost, MD, Chairman & CEO of OPKO. "The improved terms will provide us with the ability to leverage Bio-Reference’s earnings and balance sheet while lowering our overall cost of capital."

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